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"U.S. stocks are extremely expensive — and were more expensive only twice in the last hundred-plus years."

00:01 - 04/10/18

There are only two stocks in the Dow that were down in 2017 and also so far in 2018. They are: GE GE 2017 -43% 2018 -35% IBM IBM 2017 -7.1% 2018 -1.1%

One market panic and we can see a huge crash. Look at the level of margin debt much worse than 2000 and 2007

UBS has ranked the world's biggest real-estate bubbles, from Hong Kong to Toronto